SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has set the interest rate for its P10 billion Peso-denominated Series O, 7-year retail bond at 5.0994 percent.

In a disclosure to the Philippine Stock Exchange, SM Prime said it issued an aggregate principal amount of P5.0 billion of the Series O Bond, due on 2028, with an oversubscription option of an additional P5.0 billion.


The retail bond will be offered by SM Prime from November 2 to 8, following the receipt of the Permit to Sell from the Securities and Exchange Commission. The retail bond is set to be issued on November 15, 2021.

“The proceeds of this latest retail bond will be used to pursue expansion opportunities across our business segments, which will help sustain the Company’s growth,” SM Prime Chief Finance Officer John Nai Peng C. Ong said.

The proposed issuance is the third tranche of debt securities to be issued from SM Prime’s P100 billion Debt Securities Program registered with the Securities and Exchange Commission under shelf registration.

Similar to its previous bond issues, the SM Prime Series O bond has been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). A rating of PRS Aaa is the highest rating assigned by PhilRatings.

This rating is given to long-term debt securities with the smallest degree of investment risk. This also indicates SM Prime’s strong capability to meet its financial commitment.

The SM Prime bonds’ joint issue managers are BDO Capital & Investment Corporation and China Bank Capital Corporation, who are also acting as joint lead underwriters together with BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, SB Capital Investment Corporation and RCBC Capital Investment Corporation.

SM Prime said it remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

Source: Manila Bulletin (